ALL >> General >> View Article
Lindab Acquires Airmaster, Forms New Ventilation Product Area
Swedish company Lindab has entered an agreement to acquire Airmaster, a prominent European player in decentralised ventilation. The acquisition signals Lindab's expansion into a new product area, with the ambition to achieve SEK 2 billion in decentralised ventilation sales by 2027. Airmaster, a Danish firm, is a rapidly growing manufacturer in this sector, particularly active in Germany, Denmark, Benelux, Norway, and France. With sales of 356 MDKK in 2022 and a robust operating margin of 18 percent, Airmaster's growth has exceeded 10 percent annually since 2015.
Decentralised ventilation is recognized as an energy-efficient solution, especially applicable in renovation projects, aligning with Lindab's focus on smart products that enhance energy efficiency and indoor climate. Lindab aims to reach SEK 20 billion in sales by 2027, with decentralised ventilation contributing significantly. The acquisition, set at a fixed price of 650 MDKK (990 MSEK), is expected to close in the first quarter of 2024, subject to competition review. The founders of Airmaster will continue to lead the company under Lindab's ownership.
More Information : https://www.techdogs.com/tech-news/pr-newswire/lindab-acquires-airmaster-and-establishes-a-new-product-area-for-decentralised-ventilation
Add Comment
General Articles
1. Finding The Best Hp Distributor In India: A Comprehensive GuideAuthor: Tina Tiwari
2. Terra Drone, Unifly, Aloft: Utm For Global Aam Mar
Author: Ben Gross
3. The Path To Overcome Ocd With Therapy
Author: tanuchoksi
4. Develop Your Business With Next-gen Crypto Exchange Development
Author: .
5. Nuvo Upgrades Software With Equifax Data
Author: Ben Gross
6. Mastering The 14-day Ssb Coaching Program: Your Path To Success
Author: alpharegiments
7. Happiest Minds Technologies To Acquire Digital Engineering & Transformation Company - Puresoftware Technologies
Author: jamescolin
8. How To Overcome Your Fear Of Flying With Jetsaver
Author: Jetsaver
9. Kdpof And Hinge Technology Collaborate
Author: KDPOF
10. The Spiritual Heartbeat Of The Quran
Author: sofia
11. Strategic Surge | Carbon Fiber Car Market Opportunities 2032-2032
Author: Dataintelo
12. Bank Account Verification In India: Overview & Importance
Author: Jatin
13. Hip Pain: Causes, Symptoms & Treatment
Author: Tejaswini
14. Membangun Dunia Miniatur Impian Anda: Panduan Memilih Toko Miniatur Terbaik
Author: mini
15. Find The Perfect Home Renovation Company Near Me To Enhance Your Living Space
Author: All Property Services